Civic Intelligence

Knitting Guild Association

990 • Fiscal year 2022 • EIN 81-3004152

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 14, 2023

Organization ProfileWWW.TKGA.ORG
4824 Sunnybrook DrivePlano, TX 75093

(214) 923-2837

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.29x

Higher debt load relative to assets than 86% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

0.36x

Higher debt load relative to revenue than 90% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

61st percentile

12%

Higher net margin than 61% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

90th percentile

$37,518

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 17.3% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

63rd percentile

11%

Faster asset growth than 63% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

24th percentile

-20%

Faster revenue growth than 24% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$273,526

Up $25,996 (+11%) from 2021

Net Assets

Up

$195,131

Up $25,397 (+15%) from 2021

Liabilities

Up

$78,395

Up $599 (+0.8%) from 2021

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin61st percentile

Revenue

Down

$216,504

Down $53,338 (-20%) from 2021

Expenses

Down

$191,107

Down $44,170 (-19%) from 2021

Net Income

Down

$25,397

Down $9,168 (-27%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2017: $143,619Liabilities 2017: $93,823Net Assets 2017: $49,7962017Assets 2018: $212,138Liabilities 2018: $74,325Net Assets 2018: $137,8132018Assets 2019: $217,640Liabilities 2019: $67,484Net Assets 2019: $150,1562019Assets 2020: $237,169Liabilities 2020: $102,000Net Assets 2020: $135,1692020Assets 2021: $247,530Liabilities 2021: $77,796Net Assets 2021: $169,7342021Assets 2022: $273,526Liabilities 2022: $78,395Net Assets 2022: $195,1312022Assets 2023: $308,094Liabilities 2023: $85,961Net Assets 2023: $222,1332023Assets 2024: $333,518Liabilities 2024: $94,904Net Assets 2024: $238,6142024

Highlighted filing

2022

Assets$273,526
Liabilities$78,395
Net Assets$195,131
Open 2022 Filing

Operations Trend

Revenue Growth24th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2017: $135,135Expenses 2017: $80,350Net Income 2017: $54,7852017Revenue 2018: $168,653Expenses 2018: $80,636Net Income 2018: $88,0172018Revenue 2019: $152,124Expenses 2019: $139,781Net Income 2019: $12,3432019Revenue 2020: $143,611Expenses 2020: $158,598Net Income 2020: -$14,9872020Revenue 2021: $269,842Expenses 2021: $235,277Net Income 2021: $34,5652021Revenue 2022: $216,504Expenses 2022: $191,107Net Income 2022: $25,3972022Revenue 2023: $324,741Expenses 2023: $297,739Net Income 2023: $27,0022023Revenue 2024: $349,095Expenses 2024: $332,614Net Income 2024: $16,4812024

Highlighted filing

2022

Revenue$216,504
Expenses$191,107
Net Income$25,397
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 14, 2023
Return Version
2022v5.0
Gross Receipts
$216,504
Mission and Program Overview

Mission

The specific purposes of the Corporation are to provide education and resources to knitters to increase their mastery of the craft of knitting. Our mission is to support serious knitters in their efforts to learn the history, perpetuate the traditional techniques, and keep the artisan aspect and high quality standards of the craft alive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$244,083$263,103▲ $19,020
Prepaid Expenses and Deferred Charges$3,447$10,423▲ $6,976
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$247,530$273,526▲ $25,996
Other Assets Total-$0-
Liabilities
Deferred Revenue$44,731$50,924▲ $6,193
Accounts Payable and Accrued Expenses$33,065$27,471▼ $5,594
Total Liabilities$77,796$78,395▲ $599
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$169,734$195,131▲ $25,397
Total Net Assets Fund Balance$169,734$195,131▲ $25,397
Total Liabilities and Net Assets / Fund Balance$247,530$273,526▲ $25,996

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$12,308$12,308
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Arenda HolladayPres & Exec Director-$37,518$37,518
Mary E JacobsTreasurer-$18,561$18,561
Heather StortaVP-education-$7,253$7,253
Donna EstinVP-public Rel.PT$6,963$6,963
Leslie GonzalezVP-cert.PT$4,328$4,328
Celia CahillVP-off-site Ed.PT$700$700

Board Members and Trustees

NameTitle
Christina K HangerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$14,791
Program Service Revenue
$201,713
Investment Income
$0
Other Revenue
$0
All Other Contributions
$14,791
Change in Net Assets
$25,397

Audited Revenue Reconciliation

Revenue per Audited Statements
$216,504
Total Revenue per Audited Statements
$216,504
Total Revenue per Form 990
$216,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$120,268
Salaries, Compensation, and Employee Benefits$70,839
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$55,839$15,000-$70,839
Conferences and Meetings$62,829--$62,829
Fees for Services Other$23,400--$23,400
Fees for Services Accounting-$6,600-$6,600
Other Expenses$2,319$560-$2,319
Office Expenses-$1,002-$1,002
All Other Expenses-$975-$975
Fees for Services Legal-$68-$68
Total Functional Expenses$166,902$24,205$0$191,107

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$191,107
Total Expenses per Audited Statements$191,107
Total Expenses per Form 990$191,107
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Arenda HolladayDirectorCast on EditorNo$37,518
Mary JacobsDirectorBookkeeping FeesNo$18,561

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The Form 990 will be shared via email with all the board of directors. Any questions will be addressed via email and board approval will be documented through the email process.”

Form 990, Part VI, Section B, Line 12C

“Board members are required to disclose any conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
The Knitting Guild Association
EIN
81-3004152
Phone
2149232837
Address
4824 SUNNYBROOK DRIVE, PLANO, TX 75093

Signing Officer

Name
Christina K Hanger
Title
Secretary
Signed
2023-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christina K Hanger
Formed
2016
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
5
Employees
0

Preparer

Firm
Sutton Frost Cary LLP
Address
600 Six Flags Dr Suite 600, Arlington, TX 76011
Preparer
Carroll Elizabeth Arnott
Phone
8176498083
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The guild is a nonprofit publicly supported organization, as defined in section 501(c)(3) of the internal revenue code (irc) that is exempt from federal income taxes under section 501(a) of the irc. For years ended december 31, 2022 and 2021, the guild did not conduct any unrelated business activities that would be subject to federal income taxes and had no uncertain tax positions. Therefore, no tax provision or liability has been reported.gaap requires the evaluation of tax positions taken in the course of preparing the guild's tax returns and recognition of a tax liability (or asset) if the guild has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by the guild, and has concluded that as of december 31, 2022, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.”

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IRS990/ProgramServiceRevenueGrp/Desc0KNITTING COURSES
IRS990/ProgramServiceRevenueGrp/Desc1Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0111658
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt190055
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0111658
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt190055
IRS990/ProgSrvcAccomActy2Grp/Desc0TKGA produces a quarterly, electronic educational journal, Cast On, to members that contains educational articles, book reviews, yarn reviews, patterns with educational aspects, and technical articles. Members also receive the monthly newsletter called K2tog Newsletter, which has educational offerings as well as member news.TKGA had 3,240 members in 2022.
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IRS990/PYOtherExpensesAmt0152804
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IRS990/PYTotalExpensesAmt0235277
IRS990/PYTotalRevenueAmt0269842
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt025397
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0111658
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt057594
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0143611
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0152124
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0168653
IRS990ScheduleA/Total509Grp/TotalAmt0950734
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0216504
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0143611
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0152124
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0168653
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0950734
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012308
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012308
IRS990ScheduleD/ExpensesSubtotalAmt0191107
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt0216504
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE GUILD IS A NONPROFIT PUBLICLY SUPPORTED ORGANIZATION, AS DEFINED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE IRC. FOR YEARS ENDED DECEMBER 31, 2022 AND 2021, THE GUILD DID NOT CONDUCT ANY UNRELATED BUSINESS ACTIVITIES THAT WOULD BE SUBJECT TO FEDERAL INCOME TAXES AND HAD NO UNCERTAIN TAX POSITIONS. THEREFORE, NO TAX PROVISION OR LIABILITY HAS BEEN REPORTED.GAAP REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN IN THE COURSE OF PREPARING THE GUILD'S TAX RETURNS AND RECOGNITION OF A TAX LIABILITY (OR ASSET) IF THE GUILD HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE GUILD, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt0191107
IRS990ScheduleD/TotalRevenuePerForm990Amt0216504
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0216504
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0191107
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ARENDA HOLLADAY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1MARY JACOBS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DIRECTOR
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt037518
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt118561
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CAST ON EDITOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1BOOKKEEPING FEES
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 will be shared via email with all the board of directors. Any questions will be addressed via email and board approval will be documented through the email process.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0247530
IRS990/TotalAssetsEOYAmt0273526
IRS990/TotalAssetsGrp/BOYAmt0247530
IRS990/TotalAssetsGrp/EOYAmt0273526
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt014791
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024205
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0166902
IRS990/TotalFunctionalExpensesGrp/TotalAmt0191107
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt077796
IRS990/TotalLiabilitiesEOYAmt078395
IRS990/TotalLiabilitiesGrp/BOYAmt077796
IRS990/TotalLiabilitiesGrp/EOYAmt078395
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0169734
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0195131
IRS990/TotalProgramServiceExpensesAmt0166902
IRS990/TotalProgramServiceRevenueAmt0201713
IRS990/TotalReportableCompFromOrgAmt075323
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0201713
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0216504
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0247530
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0273526
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04824 SUNNYBROOK DRIVE
IRS990/USAddress/CityNm0PLANO
IRS990/USAddress/StateAbbreviationCd0TX

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$273,526
Liabilities
$78,395
Net assets
$195,131
Revenue
$216,504
Expenses
$191,107
Net income
$25,397
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.34$0.95$2.39$3.49$3.33$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.08$0.86$2.22$3.25$2.98$0.27
2022Detailed filing. Detailed filing data is available for this year.$2.74$0.78$1.95$2.17$1.91$0.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$0.78$1.70$2.70$2.35$0.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$1.02$1.35$1.44$1.59$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.18$0.67$1.50$1.52$1.40$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$0.74$1.38$1.69$0.81$0.88
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.94$0.50$1.35$0.80$0.55